Air Arabia, the Middle East’s largest low-cost airline, has ended a turbulent second quarter with profits falling 44 per cent and fuel costs rising from a year earlier.
But the airline saw strong growth in passenger numbers, which rose 11 per cent from the second quarter last year to 1,108,310 as its new centre opened in Alexandria.
“Air Arabia continues to post sustained quarterly profits with a high seat-load factor and rising passenger traffic,” said Sheikh Abdullah bin Mohammed Al Thani, the group’s chairman."
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